Patria Investments (NYSE:PAX – Get Rating) is set to post its quarterly earnings results before the market opens on Tuesday, August 9th. Analysts expect Patria Investments to post earnings of $0.18 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Patria Investments (NYSE:PAX – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. Patria Investments had a net margin of 48.67% and a return on equity of 34.59%. The company had revenue of $55.00 million for the quarter. During the same quarter in the previous year, the business posted $0.13 EPS. On average, analysts expect Patria Investments to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Patria Investments Trading Down 1.0 %
NYSE PAX opened at $14.26 on Tuesday. Patria Investments has a 12 month low of $12.51 and a 12 month high of $19.49. The stock has a market cap of $773.58 million, a price-to-earnings ratio of 15.50 and a beta of 0.50. The company’s 50 day moving average is $14.18 and its two-hundred day moving average is $15.78.
Patria Investments Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were paid a dividend of $0.202 per share. This is a boost from Patria Investments’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.81 dividend on an annualized basis and a yield of 5.67%. Patria Investments’s dividend payout ratio (DPR) is presently 88.04%.
Institutional Investors Weigh In On Patria Investments
Several institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. bought a new stake in shares of Patria Investments during the first quarter valued at approximately $52,000. Bank of America Corp DE grew its holdings in shares of Patria Investments by 3,256.8% in the first quarter. Bank of America Corp DE now owns 13,427 shares of the company’s stock valued at $239,000 after purchasing an additional 13,027 shares in the last quarter. Capital International Sarl grew its holdings in shares of Patria Investments by 9.1% in the first quarter. Capital International Sarl now owns 155,976 shares of the company’s stock valued at $2,778,000 after purchasing an additional 13,046 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Patria Investments in the first quarter valued at $324,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Patria Investments by 6.3% in the first quarter. JPMorgan Chase & Co. now owns 318,825 shares of the company’s stock valued at $5,678,000 after purchasing an additional 18,825 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, TheStreet cut shares of Patria Investments from a “c-” rating to a “d+” rating in a research report on Wednesday, July 13th.
About Patria Investments
Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.
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